Entrepreneurship

Sectors of Industry 

Industry is the sector of the economy concerned with the production of goods and services:

1. Primary sector: is also called the extraction sector. It generally involves changing natural resources into primary products. Major businesses in this sector are: Agriculture, fishing, forestry, animal husbandry,quarrying industries.This sector is larger in developing countries.
2. Secondary sector: is related to manufacturing, produces finished, usable products. This sector makes the final goods from the output of the primary sectors or maybe the the products are made suitable for use by the other busissenes (Export,etc). This sector is divided in light and heavy industry.Example of industries: Electronics, engineering, brewing, clothing and energy industry.
3. Tertiary sector: this sector is known as the service sector. It works providing services to businesses and final consumers.In this service they transport, distribute and sale the goods to consumers; or sometimes the product is a service. Sometimes the goodshare transformed due to provide the services; but the major objetive of this sector is on people interacting. Example of industries: News Media, Consulting, education, businesses services, law and order.
4. Quaternary sector: this is the research industry. Here they look for new ways to improve the products, reduce the costs, find new markets, produce new ideas, new production methods and methods of manufacture.

           All of these 4 sectors, some                 how, are interrelated.